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DERIVATIVES (Tables)
3 Months Ended
Mar. 31, 2023
Mortgage Banking [Member]  
Derivative [Line Items]  
Net Gains (Losses) Relating to Derivative Instruments

These derivatives are not designated as hedging instruments. The net gains (losses) relating to free standing derivative instruments used for risk management are summarized below for the periods indicated (dollars in thousands):

         
Three Months Ended
 
 
   
 
March 31,
 

 Location  
2023
   
2022
 
Gain (loss) on mortgage banking derivatives
Net gain (loss) on sales of loans
 
$
(281
)
 
$
(1,093
)
Fair Value of Derivatives in Consolidated Balance Sheets
The following table reflects the amount and fair value of mortgage banking derivatives in the Company’s Consolidated Balance Sheets at the dates indicated (dollars in thousands):

 
March 31, 2023
   
December 31, 2022
 
   
Notional
Amount
   
Fair
Value
   
Notional
Amount
   
Fair
Value
 
                         
Included in other assets:
                       
Forward contracts related to mortgage loans held for sale
 
$
   
$
   
$
23,500
   
$
186
 
Interest rate lock commitments
   
42,188
     
978
     
27,348
     
369
 
                                 
Included in other liabilities:
                               
Forward contracts related to mortgage loans held for sale
 
$
35,244
   
$
409
   
$
5,615
   
$
128
 
Fair Value Hedging [Member]  
Derivative [Line Items]  
Fair Value of Derivatives in Consolidated Balance Sheets
The following table reflects the fair value hedges included in the Company’s Consolidated Balance Sheets at the dates indicated (dollars in thousands):

   
March 31, 2023
   
December 31, 2022
 
   
Notional
Amount
   
Fair
Value
   
Notional
Amount
   
Fair
Value
 
                         
Included in other liabilities:
                       
Interest rate swaps related to fixed rate loans
 
$
   
$
   
$
   
$
 
Interest rate swaps related to state and municipal securities
   
     
     
     
 
                                 
Included in other assets:
                               
Interest rate swaps related to fixed rate loans
 
$
9,348
   
$
482
   
$
9,493
   
$
482
 
Interest rate swaps related to state and municipal securities
   
123,760
     
17,471
     
123,760
     
20,125
 
Interest Rate Contracts [Member] | Fair Value Hedging [Member]  
Derivative [Line Items]  
Net Gains (Losses) Relating to Derivative Instruments
The following table reflects the changes in fair value hedges included in the Company’s Consolidated Statements of Comprehensive Income (Loss) for the periods indicated (dollars in thousands):


 
 
Three Months Ended
 
           
March 31,
 
Interest Rate Contracts
 
Location
 
2023
   
2022
 
Change in fair value of interest rate swaps hedging investment securities
 
Other noninterest expense
 
$
(2,654
)
 
$
6,749
 
Change in fair value of hedged investment securities
 
Other noninterest expense
   
2,638
   

(6,899
)
Change in fair value of interest rate swaps hedging fixed rate loans
  Interest income - Loans
  $     $
458  
Change in fair value of hedged fixed rate loans
  Interest income - Loans
          (463 )